FHFA to Delay Increase in Mortgage Fees By Fannie, Freddie

Rep. Mel Watt (D., N.C.), the incoming director of the regulatory agency that oversees Fannie Mae and Freddie Mac, said Friday night he would delay an increase in mortgage fees charged by the housing-finance giants, which was announced earlier this month by that agency.

Mr. Watt was confirmed by the Senate to head the Federal Housing Finance Agency on Dec. 10 and is set to be sworn in on Jan. 6, he said in an email on Friday.